BCN 2003/55 - Notice of adoption of amendments to National Instrument 21-101 Marketplace Operations and National Instrument 23-101 Trading Rules [BCN - Rescinded]
| Published Date: | 2003-12-19 |
|---|---|
| Effective Date: | 2003-12-19 |
| Related Document(s): |
The British Columbia Securities Commission is implementing amendments (the amendments) to National Instrument 21-101 Marketplace Operations and National Instrument 23-101 Trading Rules, the related forms and companion policies, effective December 31, 2003. The securities regulatory authorities in all other provinces and territories will also implement the amendments.
Summary of changes
In summary, the amendments will
- remove the market integration requirements
- allow marketplaces trading equity securities to send data on orders and trades to an information vendor that meets technology standards to be established by a regulation services provider
- exempt participants in the government debt market from the transparency requirements for a further three years
- exempt inter-dealer bond brokers from the requirement to contract with a regulation services provider if they comply with the requirements of the Investment Dealers Association of Canada
- remove the requirement that marketplaces keep certain information that is already kept by dealers
- allow the Commission to keep certain records confidential
Text of the amendments
The text of the amendments (BC Reg. 491/2003 and BC Reg. 492/2003) is attached.
Questions
Questions may be referred to any of:
Veronica Armstrong
Senior Policy Advisor, Legal and Market Initiatives
British Columbia Securities Commission
(604) 899-6738
(800) 373-6393 (in B.C. and Alberta)
varmstrong@bcsc.bc.ca
Karen Wiwchar
Senior Legal Counsel
Alberta Securities Commission
(403) 297-4732
Karen.Wiwchar@seccom.ab.ca
Randee Pavalow
Director, Capital Markets
Ontario Securities Commission
(416) 593-8257
rpavalow@osc.gov.on.ca
Tracey Stern
Senior Legal Counsel, Market Regulation
Ontario Securities Commission
(416) 593-8167
tstern@osc.gov.on.ca
Ann Leduc
Chef du service de la réglementation
Commission des valeurs mobilières du Québec
(514) 940-2199 ext. 4572
Ann.Leduc@cvmq.com
Serge Boisvert
Conseiller en réglementation
Commission des valeurs mobilières du Québec
(514) 940-2199 ext. 4576
serge.boisvert@cvmq.com
December 19, 2003
Douglas M. Hyndman
Chair
Ref: NI 21-101
21-101F1
21-101F2
21-101F3
21-101F4
21-101F5
21-101F6
21-101 CP
NI 23-101
23-101 CP
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.